TiVo's revenue beat estimates, shares rise
TiVo Inc, the maker of digital video recorders, said revenue rose 19 percent as it signed new deals with cable operators to use its technology, sending its shares up more than 1 percent.
In the second quarter, TiVo Inc
Revenue rose 19 percent to $61.1 million compared with $51.5 million a year earlier. This beat analysts' expectations of $48.31 million.
Its stock was at $8.15 per share in after hours trading after closing 8 pct higher at $8.79 per share on the Nasdaq.
(Reporting by Liana B. Baker; editing by Andre Grenon)
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